De Beers Cycle 5, valued US$390
A more challenging environment
Tumbles buying sentiment YoY!
De Beers Group announced the value of
rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth
sales cycle of 2019.
Bruce Cleaver, CEO, De Beers Group,
said: “While overall retail sentiment for diamond jewellery in the US remains
solid, a more challenging environment in China and higher than normal polished
diamond inventories in the midstream resulted in a cautious approach from rough
diamond buyers during the fifth cycle of 2019.” |
Particular:
|
Cycle 4 2019
|
Cycle 5 2018
(actual)
|
|
|
390
|
416
|
581
|
Notes to this table:
[2]
Cycle 4 2019
actual sales value is restated following the earlier publication of a
provisional figure for the fourth sales cycle of 2019.
[3] Sales values are
quoted on a consolidated accounting basis. Auction Sales included in a given
cycle are the sum of all sales between the end of the preceding cycle and the
end of the noted cycle.
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